Game Changed, Problems Remain

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Journal Papers

Game Changed, Problems Remain

By
Rob Arnott
,
Brent Leadbetter
,
Jonathan Treussard
October 2019
Read Time: 20 min
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Abstract

Investors can cut through much of the performance noise in their evaluation of equity strategies by asking three simple questions which address a strategy’s economic rationale, the reliance of the strategy’s performance on rising valuations, and the real-world trading costs associated with execution of the strategy. Applying this framework can help investors achieve better long-term outcomes in their portfolios.

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Rob Arnott
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Brent Leadbetter, CFA
Partner, Head of Solutions Distribution
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